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> believe such nonsense, It's not non-sense. Damage to existing stock and GDP growth are very different things. When Hurricane Katrina hit New Orleans, it deva
by credit_guy 4y ago
> believe such nonsense,
It's not non-sense. Damage to existing stock and GDP growth are very different things. When Hurricane Katrina hit New Orleans, it devastated the city. The loss to the US was estimated to be above $100 billion. Still, as far as the GDP was concerned, it was not impacted. GDP is by definition "gross domestic product", and I'll emphasize "product" here.
Do the citizens of Ukraine produce more stuff now than they did 6 months ago, or one year ago, or 5 years ago. Well, for one thing, they probably produce more weapons, munitions and military materiel. They are busy fixing stuff destroyed by the invaders. To me it sounds completely plausible that their GDP is increasing, even as their country is being bombed by Russia.